Finance Ministry to Issue EGP 728 Billion in Treasury Auctions in June 2025
The Egyptian Ministry of Finance has announced a major plan to offer 34 auctions for treasury bills (T-bills) and treasury bonds in June 2025. The total targeted amount for these auctions is EGP 728 billion, a key part of Egypt’s strategy to strengthen domestic finances and manage debt ahead of the 2024/2025 fiscal year-end.
The Ministry plans 16 auctions for T-bills aiming to raise EGP 610 billion, alongside 18 treasury bond auctions expected to collect EGP 118 billion. These efforts will help secure funds to pay off maturing debts and cover the government’s budget deficit, ensuring financial stability through significant fiscal milestones.
The T-bill schedule includes four auctions each for bills maturing in 91, 182, 273, and 364 days, with expected amounts of EGP 130 billion, EGP 170 billion, EGP 140 billion, and EGP 170 billion respectively. This offers flexibility to a broad range of investors.
On the bond side, planned auctions include four 2-year bonds totaling EGP 22 billion, four fixed-rate 3-year bonds seeking EGP 54 billion, and three floating-rate 3-year bonds targeting EGP 28 billion. For long-term investors, two 5-year fixed-rate bond auctions aim to bring in EGP 3 billion, while four 5-year floating-rate bonds target EGP 11 billion.
These auctions are central to the government’s proactive financial management, contributing to a larger goal of issuing EGP 2.175 trillion in domestic debt during the final fiscal quarter. Funds raised will support debt repayment, ongoing state expenses, and investments.
Egyptian banks, as primary dealers, are key investors, with 15 major banks participating. They anchor the primary market and often resell bonds in the secondary market, expanding the pool of government debt holders domestically and internationally.
These treasury offerings are vital for maintaining economic stability, managing liquidity, and attracting investment in Egypt. Analysts and international partners will closely monitor these auctions to assess their impact on Egypt’s continuing financial stability and development.
Source: Daily News Egypt